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, we are bringing you every day, each week day, a look at the fiscal cliff. the issues involved in the impending tax hikes and budget cuts. focusing on a particular issue of the fiscal cliff. each day. this morning's focus was on the payroll tax cut. continues. host: joining us now is kim dixon, a tax policy correspondent for reuters. this is part of our series on the so-called fiscal cliff. today we're looking at the issue of the payroll tax cut. kim dixon, when did the payroll tax cuts issue come into effect? guest: about two years ago at this time. expiration of the bush-era tax cuts that began in 2001 were set to expire. republicans control the house. president obama wanted to continue them for everybody except those in the top 2% tax rate. --wasn't ended the year deal it was an end-of-the-year deal. the obama administration was looking for the stimulus measure. they thought it would be hard for republicans to oppose a tax cuts. host: the money rigidly was going where -- the money originally was going where? guest: going to the social security trust >> we take you live now t
. >>> on to the "fiscal cliff" drama now where high hopes for a bipartisan solution are slipping a bit in washington. as susan mcginnis reports from capitol hill, democrats and republicans seem to be drifting apart again. >>> reporter: it's a short drive up pennsylvania avenue from the capital to the white house. but congressional republicans and president obama are getting farther apart in their efforts to keep the nation from veering off the so-called "fiscal cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invited small business owners into the oval as of to offer their idea
to speed this morning. president obama rejecting a fiscal cliff counter offer from republicans. the gop proposal calls for $2.2 trillion in deficit savings over the next decade, including 800 billion from tax reform. 600 billion from medicare reform, 600 billion in spending cuts. the white house is refusing to consider it because it doesn't include tax hikes for the wealthiest americans. >>> and britain is rife with speculation this morning, is kate having a boy, or a girl? is she having twins? triplets? what about a name? britain is buzzing with news that prince william's wife, katherine, is pregnant. she is in a london hospital being treated for severe morning sickness. >>> students at one elementary school in atlanta will attend class in a different building this morning. dozens were sickened yesterday at their regular school by carbon monoxide poisoning. at least 49 were sent to the hospital. fire officials believe the heating system failed. later this morning we will talk to a student, a parent and a school official. >>> the judge overseeing the court marshall of nadal hassan has b
morning, everyone. >> good morning. >> going over the fiscal cliff will hurt our economy and will hurt job creation and our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one of the reasons why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. and we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had the spending crisis coming at us like a freight train, and it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. but i'm going to be optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> good morning. you know, i was heartened to see
on the investigation. >>> there are growing concerns america will be going off that fiscal cliff if a few week. ktvu channel 2 morning news continues. >>> good morning. welcome to a brand new day monday, december 3rd i'm dave clark. >> and i'm pam cook. thank you for joining us. steve paulson is here with the wild weather we had. and then what's in store for us. >> quiet today. there will be one more system coming in tomorrow you two. it's cold out there. a lot of upper 30s and 40s. the weekend system was very mild. that is not the case now. we had a lot of cool air. mostly sunny today. that will not be as strong as anything we saw. any rain forming is not so good. dry monday. patchy fog. we'll have more of that rain coming up. >>> here's a live look at the mccarthur maze. you can see the traffic flowing nicely on the far right hand side. folks heading out to the bay bridge teleplay -- toll plaza. also traffic looking good. let's head back to the desk. >>> we are tracking breaking in is where chp cruiser flipped over during a high speed pursuit that reached speeds of 100 miles an hour. it happened
on the fiscal cliff. today's politico's morning money reports the bank's employees have sent more than 15,000 letters to congress in the past into days. all 100 senators received letters from morgan employees and 398 of 436 house members received letters. >> andrew is not out because of rutgers. >> i think he's at home crying for me. no. he's on vacation. >> the latest fund flow data shows investors did in fact pour money into stock etfs amid the optimism that we had for a while about the fiscal cliff. stock etfs raked in about 7.7 billion in new investor cash in the weeks that ended wednesday. that's the most money since the week that the fed announced it's extended stimulus plan. meantime bond mutual funds and etfs combined attracted 1.8 billion in cash and that's the most in three weeks and more than double the previous week's in-flows. two economic reports of note today at 8:30 eastern, personal income and spending polled economists are looking for income to rise by 0.2%. while spending increases by 0.8%. also on the calendar today, but after the show, so never mind -- no. november ch
announcement in the works. >>> meantime, the clock is still ticking before we go over that fiscal cliff just days away. >>> also this morning, swimming for his life. a man's frightening story of survival, after being attacked by a shark while on vacation in paradise. we'll tell you about his escape. >> he was lucky to be swimming at the time with an e.r. nurse. >>> also coming up this morning, smiling and stunned. two years ago, this couple, they were unemployed. now, they're holding one of the two winning tickets in the $588 million powerball jackpot. but there's a mystery. who has the other ticket? >> everyone wants to know that one. >>> and we'll hear from the secret santa who has been handing out $100 bills to victims from hurricane sandy. he's hoping other people will follow his example. >> some of the people watching the story behind the scenes here, they have been crying. so, that story is coming up. >>> we're going to start with that mess in the west. the third in a nasty hat trick of storms bearing down tonight. and meteorologist, ginger zee, covering the whole thing. as we wait for
20 minutes, senator dick dur bin on the so-called fiscal cliff. on "washington journal" this morning, we'll hear about the investigation into the attacks in benghazi, libya that killed four americans. the rest of the program will focus on the so-called fiscal cliff and income tax rates. "washington journal squts live on c-span every day at 7:00 a.m. eastern. >> some of our live coverage coming up this morning. politico and the discussion of the so-called fiscal cliff with grover norquist. and at 9:00 eastern on c-span 3, discussions on the 1990 budget deal featuring tom foaly and former white house chief of staff john sununu. and a hearing on amtrak operations at 10:00 a.m. eastern. witnesses include the president of amtrak and a representative of the united transportation union. >> washington worked his way up. went to harvard law school and at the urging of one of his brothers immigrated out west to virginia. he arrived after about a month's journey by ship, by stagecoach, by train and arrived in this -- on steamboat in this muddy, mining town, boarded himself in a log cabin. estab
allen. has a look at the playbook. >> good morning, guys. >> let's talk fiscal cliff. your lead story this morning on the white house new strategy to attack the fiscal cliff calling it kind of a road show. i guess the opposite of the way they've negotiated inside with john boehner and others on past deals. >> yeah, the president feels he has very strong cards here and one of the strategies of the white house is that if we go over the cliff, if all those tax cuts are allowed to expire, the president has real ways to extract pain from the republicans. polls already show people are more likely to blame republicans and here's something very important. republican leaders know that. joe scarborough writes on politico right now that when eric cantor, the number two house republican was there on your set, that he noticed a different tone from him and seeing more and more signs of that as the week goes along, the republican leaders recognize that the president has an inaugural address, a state of the union address and a lot of high-profile ways to pin the blame on them and so today we have thi
with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend the tax rates on families making less than $250,000 a year. once that's done they can work on other details such as spending cuts and changes to the tax code, medicare and medicaid. >> he's out there campaigning for his position. i get it. we understand it. at the end of the day he has to lead on this issue. >> reporter: some republican lawmakers have said they are willing to compromise on the tax issue. oklahoma representative tom cole said the gop
>>> good morning. i'm chris jansing. two big showdowns today on capitol hill over the fiscal cliff and ambassador susan rice. both of these have been escalating, and on the fiscal cliff especially the clock is definitely ticking. let me give you a rundown of what's happening in the next couple hours. first, ambassador rice is meeting with two republican senators today. right now she's in with susan collins of maine. later she'll meet with bob corker. yesterday, too, she was on the hill defending herself over her comments following the benghazi attack, but the gop leaders only seemed more entrenched in their opposition. in addition, anytime now house democrats and house republicans will hold separate news conferences to talk about their closed-door meet ings on the fiscal cliff. at 11:30, president obama will make remarks at the white house surrounded by middle class americans who he says would see their taxes go up if congress can't make a deal. later he's hosting big business leaders to talk about ways to cut the deficit. joining me to talk about this, "washington post" political
are higher, as well. in your morning headlines today, the fiscal cliff dominating the sunday talk show circuit. treasury secretary tim geithner expressing on meet the press that republicans will accept the president's plan to raise income taxes. >> what we're trying to do is make it more likely we come together on a good agreement for the american people that extends tax cuts for the middle class. we're going to start long-term deficits down, tough savings is part of that and investment, things that matter to the american economy. like frut, things to help americans to get back to work. we have a good chance to it now and it's very important we're going to do that. >> secretary geithner said that if republican leaders have alternatives on reducing the deficit, they need the offer their propose yaels to the government. >>> manufacturing activity in china has hit a new high. hsbc's manufacturing purchasing index came in at 55 in november. it separates expansion from contraction. and the latest twilight film was number one at the weekend box office for the thrt straid straight weekend. it
on "morning joe," the white house rejects a republican's fiscal cliff plan before the ink is even dry. we'll talk about where the two sides go from here ahead with mike halpern and john meachum when we come back here. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. tintroducing a revolutionary. i lit new mascara. clump crusher...crusher. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> then i wake up, right? >> right. >> i'
obama is taking his fight over the fiscal cliff today heading to hatfield, pennsylvania. he is going to tour the rhodon group manufacturing facility. >> that's a place the white house says is one of the many businesses that depends upon middle class shoppers this holiday season. rhodon manufactures connect brand. that time group sells toys like angry birds building sets and tinker toys. at the end of the year, as i am sure you know by now the average middle class family is facing a 2,000 dollar tax hike. on monday of this week the white house released a report saying that could be americans spending $200,000,000,000 less in 2013. the president will continue to push his message but is it time to reach a deal over the fiscal cliff? but the g.o.p. is not so keen on a deal, at least the one the white house presented yesterday. the first offer from president obama and treasury secretary timothy geithner included a $1.6 trillion tax increase along with an extension of the payroll answer it cut and unemployment insurance and a request for $50,000,000,000 worth
week long. of course the fiscal cliff talks--what will you anticpate from the market? i think the markets are really going to be dealing with the political wrangling over the fiscal cliff to begin the week. really no agreements to speak of and i really don't think you're going to see any. it's going to come down to one of these last minute issues because both sides continue to butt heads and we're no closer than we were two weeks ago. from an employment perspective, look for the numbers to come in on average probably around 100 to 125 thousand jobs created. that's where our average really stands. maybe some skewed data from hurricane sandy but you back that out and i think things really stand the same. gold futures and options are very popular right now. what's going on here? i think really one has to think about if this economy would ever get any legs, any momentum. you have to think about the inflation picture. the fed has got so much emphasis on this market. it's an open ended quantitative easing market at this point. any type of momentum, any type of inflation, people are
always laughing with me ♪ >> stephanie: good morning, charlie pierce. >> i'm falling it off the cliff? >> stephanie: what did you call it? the gentel fiscal incline. >> that's right. it's like they have taken all of any bad things about any way they cover on-coming hurricanes and transplanted them. >> stephanie: yeah. i love your stuff on this week. because i misplaced the remote in my hotel and throwing a shoe through a television is frowned upon my most hotel chains i came across mornings with joe. the president just won election on this issue, and it really is -- as you call it mock horror, right? >> yeah, i think even in his -- his quivering heart of hearts john boehner knows the essential parameters of the deal are going to be what geithner laid out, not what he laid out. >> stephanie: yeah. we have been mocking him about i have never seen anything like this. yes, you do. it's what he ran on. >> exactly. i think this is a little bit better than the offer the president made last time. >> stephanie: yes, because he won an election in the meantime. >> right. there
. >> good morning. >> steve: what do you make of where we are in the fiscal cliff right now? we're less than a month away, both sides are a million miles apart. and john boehner says he was flabbergasted when he heard tim geithner's proposal. >> i don't really think the democrats want to make a deal. they should have never been put in this position. if you remember on your show, i said, don't let this happen between fiscal cliff and all of what's happening now. don't let it happen after the election. let it happen before the election because as you remember, obama would have no chance of getting elected if this happened. so i said, it must happen before. they allowed it to happen after. the democrats now don't care. i think they want to go over the cliff, raise taxes, and that's going to be the end of that. i don't see the republicans having the cards. other than they have a debt ceiling card a month later. and again, that's something that should have happened before the election and if you remember, on your show i was saying, don't let this -- from a negotiating standpoint, this was a total
this morning over how to avoid the fiscal cliff. currently no plans for congressional leaders to meet with the president at the white house. if no deal is reaped by year's end everyone's taxes will go up and massive cuts will take place, affecting defense and social spending. >>> when we came in this morning, just mist and drizzle. >> i hardly had to use my wipers. that is changing for a lot of folks. >> it is. right now as you look at our roof cam, nice batch of light to moderate rain falling now over the embarcadero. not so heavy we can see the ferry building and the bay bridge enough that it is causing ponding on the embarcadero this morning that's what most of us are going to run into especially east bay highway 4 connects to 680 south of vine hill coming into concord pleasanton down to walnut creek latest update light to moderate rain especially overconcord and pleasant hill highway 4 bay point, pittsburg, antioch highway 4 commute which is usually treacherous any way is going to be wet. heavy rain starting towards san rafael, larkspur, mill valley, tiburon, sausalito and belvede
the fiscal cliff for a moment. find out what will move your money first thing tomorrow morning. stay with us. we're back in a moment. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> welcome back. one more day in the green. this has investors are digesting comments on the fiscal cliff. what does tomorrow hold? we have 30 seconds on the clock for each of our next guests. they'll tell us what they think will move your money tomorrow. good to see you, gentlemen. thanks so much for joining us. brian, we'll kick it off with you. 30 seconds on the clock. what do you want to look at tomorrow? >> on the economic front, we get personal income and spending. the chicago pmi. i don't expect that to move the market a whole lot. again, it continues to be all about the fiscal cliff. geithner, boehner, and reid and any little nugget
and we're starting this hour with the wrangling on capitol hill over the fiscal cliff. we're just 31 days until the deadline which could potentially trigger $7 trillion in automatic spending cuts and tax increases. both republicans and democrats are at a standoff. they are each blaming the other side for holding up the process, but republican congressman terry lee says that by going over the cliff the president may have an ulterior motive. >> many of us fear that the president's real plan here was to let us go over the cliff and blame the republicans, and that's what we look like we're being set up to do, and then if you go over the cliff, then two months later, a month later, the president can come back with a bill and say, hey, we're going to now since the republicans let everyone's taxes go up, i'm going to ride in here now and be the -- the knight in shining armor and lower the taxes on the lower two brackets. >> it is a case that is sparking painful reminders of trayvon martin, another florida teenager shot to death in an incident that has racial overtones. i'm talking about jordan d
. >> wow, looks bad. ooh. >>> this morning, less than a month now before the big federal fiscal cliff. and we have some details on a war of word between treasury secretary tim geithner and house speaker john boehner. we will also update you on where the negotiations stand. right now by all accounts it is deadlocked right now with the clock continuing to tick down. >> a little testy. a little heated there. >>> and later this half hour, this year's gift wrap champ is here with her expert advice. find out how to wrap the most difficult presents, including a guitar, a candle, which is always difficult around the holidays to give. hope you don't give jenny a candle. >> i will light her fire, but not giving her a candle. you like to wrap. did you learn anything? >> i am horrible at wrapping, but i wanted to learn and get better. so i actually learned some great tips. >> take it to the lovely lady in the mall. >> i will wrap you. >> safety first. wrap it up. >>> but first, 62,000 football fans filled arrowhead stadium in kansas city the day after jovan belcher killed his girlfriend and then
the cliff and stayed off the cliff. john boehner recognizes that the fiscal cliff is the president's leverage, but boehner believes he has leverage, too. politico reported this morning president barack obama made a demand of how john boehner near the end of their first white house meeting on the fiscal cliff, raised the debt limit before year's end. boehner responded, quote, there is a price for everything. boehner told president obama at the white house that the debt limit increase is quote my leverage. although he added that he's flexible on when it should be done. senator durbin said today that raising the debt ceiling must be part of any deal with republicans. >> i also think that the president isn't going to sign off on any agreement that doesn't include some certainty as to budgets, appropriations, dealing with our debt ceiling. we're not going to find ourselves with some big party celebrating in february and then turn around and march and have another doomsday scenario with the debt ceiling. >> the man who until this week was the most powerful person in washington who did no
. there is new intrigue in the fight over the fiscal cliff talks today. both sides have messages out this morning that seem to echo the same old position. this on the heels of president obama holding a campaign-style event in suburban philadelphia to sell his solution. he said if congress does not extend the bush tax cuts for the middle class, everyone's taxes will go up january 1st. >> i'm assuming that doesn't sound too good to you. that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> meanwhile house speaker john boehner says the latest proposal from the white house would cripple the economy. the plan calls for a boost in revenue by $1.6 trillion over the next decade. >> they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean it's, it's -- not a serious proposal. so right now we're almost nowhere. >> >> mike viqueira joins us live from the white house. where is almost nowhere? >> it's inside the beltway and it's business as usual. it's also december 1st, alex, and we have exactly one month now to avert th
can be reached with the president. >> morning, everyone. going over the fiscal cliff will hurt our economy and will her job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal clef. one reason why we believe that we put revenue on the table as long as it is accompanied by serious spending cuts to avert a crisis. we believe this is the president's request for a balanced approach to this issue, and we are going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all now that we have had the spending crisis coming at us like a freight train. it has to be dealt with. in order to try to come to an agreement, republicans are willing to put revenue on the table. it is time for the president and democrats to get serious about the spending problem our country has. i am optimistic. we can continue to work together to avert this crisis, sooner rather than later. >> good morning. last week, the president's chief political adviser indicated th
for joining us this morning. we appreciate it. >>> 33 days until the fiscal cliff. we just keep talking about this. while politicians try to sell their plans of first big negotiations get under way with treasury secretary tim geithner headed to capitol hill for separate meetings with congressional leaders. we'll have much more on "starting point" as well. >> and best advice before we go, too. don't go away. ♪ ♪ make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. with scottrader streaming quot
, social security, and otherwise as a separate issue from the fiscal cliff. house leader eric cantor speaking this morning in washington about that very issue. i want you to listen and we'll talk about it on the other side. >> we have not seen any good faith effort on the part of this administration to talk about the real problem that we're trying to fix. i'm told that mr. bowles, as some of us will meet with him later today, had said earlier this morning there's been no serious discussion by the white house on entitlements, on medicare and medicaid. >> is that where the conversation starts and stops to really make a dent in the deficit over the long term and the issues that we have? >> to make a dent in the deficit, i don't believe it starts and stops there, but i think there is no discussion about reducing expenses, government expenditure, without addressing social security and medicare. absolutely entitlements are on the table. we've made promises of benefits that we just cannot keep as a country over the long term. >> doesn't seem as though we're willing to deal with that issue.
. >> good morning. >> reporter: good morning. it's about the "fiscal cliff" on wall street but we have a number of positive signals on the economy. consumer spending did pull back in october according to the commerce department by 2/10 this is the of a percent following an 8/10th of a percent of gain in the previous month. superstorm sandy depressed spending. unless holiday sales soar over the 4th quarter it's going to be tough for the economy to continue the gain of 2.7% that the commerce department reported in the 3rd quarter yesterday. stockton focused on any talks out of d.c. -- stock market focused on any talks out of d.c. on the "fiscal cliff." the dow over 13,000. pretty modest start to the day today. right now the dow is up by 5 points. nasdaq though falling by 3. s&p down by one. social game maker zynga getting hit hard after announcing it and facebook are changing their partnership. zynga down 7.5%, facebook down slightly. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> a tale of two uncomfortable pairings. first the san francisco 49ers with two s
that is fair. about an hour after speaker boehner spoke this morning about the fiscal cliff ago she haitians. in case you missed it, a quick piece of that. >> if you look at the plant that the white house has talked about thus far, they could not pass either house. dagen: rich benson is here. he is joining us with the latest from d.c. >> i think you can tell where the president was heading with this. we know the president lied on this is the campaign to raise taxes on wealthier americans. he says it is all part of the budget that he has put out over the last few years. that budget calling for tax increases over the next decade on families earning more than $250,000 a year. he campaigned on march revenue less than that. tax deductions they can't, they just say they would not raise tax rates. that really has been the key to all of this. connell: we are kind of caught in the middle. you saw the president speaking on the screen while rich was speaking. the audio still is not quite right of it. thank you. there we go. citigroup. another big story today. the stock has been up. 11,000 people, thoug
this morning starts with what else? the fiscal cliff. the president heads to a pennsylvania toy factory pressing his case for a proposal that actually leaked last night seeking 1.6 trillion in tax hikes. republicans in morning balking and cliff fears prompt another company to issue a dividend and it's whole foods. >> owner of taco bell, kfc, have warned that sales hit the skids. the shares yesterday hit a fresh high. >>> facebook unlikes zynga. zynga shares are plummeting this morning on the news. >>> never an ego boost for the ceo when the stock falls on the news that he's keeping his job. that's exactly what's happening with groupon as the board keeps andrew mason. >>> the president heading to a pennsylvania factory this morning. republicans have given a thumbs down to the president's plan which includes a $1.6 trillion tax increase, 50 billion in infrastructure spending for next year and limited entitlements cuts. more companies issue special dividends. whole foods will pay $2 a share. kbw yesterday. what's more interesting to you, jim? the cliff discussion and madness or the notion
this morning, and he reminds shoppers about the fiscal cliff while he's at it. >> in all honesty, i didn't have my own card. jill wouldn't let me have one. i went to get my wife's card, and she said, no, no, no, you get your own. all the people you meet in here today and you see, these are hard-working folks who don't need to see their taxes go up. >> that's one way to create opening day buzz, although it looks like watching this scene everybody was more interested in watching the vice president do his own shopping there. >>> also, why are people receiving this fund-raising e-mail from bill clinton? quote, i've enjoyed it so much whenever we've brought one of hillary's strongest supporters to new york to spend a day with me, i'm happy to tell you that i've asked to do it again. this is not the launch of a 2016 campaign. secretary clinton's 2008 campaign still owes $70,000, and they're trying to pay it off. just weeks after galvanizing the >> there's a lot of scientific data that i found out as a scientist that shows this is really a young earth. i don't believe that the earth's but about 9,000
brown. we begin with negotiations to avert the so-called fiscal cliff both republicans and white house hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> reporter: but a different countdown weighs on the minds of these lawmakers, the countdown to the fiscal cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> rep
numbers. details ahead. >>> meanwhile, washington was abuzz over avoiding the looming fiscal cliff. the president's lunch with mitt romney, the united nations note on palestine. all this as joe biden was christmas shopping. >>> and some amazing random acts of kindness. good morning, everyone. i'm lynn berry. and today the first of the two grand prize powerball winners will come forward to reveal themselves and have their lives change forever. and there's also buzz about a potential code within the winning numbers. nbc's kerry sanders has that story. >> reporter: in tiny dearborn, missouri, where just about everyone knows everyone, the question is was it one of their own who bought a winning powerball ticket? >> it's exciting, very exciting. we never, ever thought that we would sell the winning ticket, and here it is. we did. >> reporter: folks in this farming community just off interstate 70 are now trying to figure out if the winning numbers were chosen with meaning. dearborn is but 35 miles north of kansas city, home of the royals baseball team. those winning lottery numbers? the
this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the
to talk this morning about entitlements. should they be off the table in these fiscal cliff negotiations? can there be a deal any other way? we'll look at that with the assistant majority leader senator dick durbin joining us, former governor tim pawlenty, christine todd whitman also our guests this morning. plus protesters showed up naked, look at that. that's house speaker john boehner's office. they were demanding on a serious front demanding funding to fight aids. >> oh, my goodness. >> seven of them will be joining us, fully clothed i'm hoping, to talk about what sparked their protest, what they're hoping to gain, plus she sold 100 million records in a decade. a career that spanned five decades, dionne warwick is our guest. going to talk about her new album, my father is in love with dionne warwick so he'll be all excited about that. much more coming up this morning on "starting point." >> did you invite your father in? >> he can watch it on tv. of course. >> we'll be getting up -- >> oh, my gosh, soledad. thanks. >> you bet. >> black ice and snow causing some trouble after yesterda
-- if you want to put your thoughts on our facebook page. in other news, on the fiscal cliff talks, i want to show you the headlines and what is happening in washington. we told you at the top, the negotiators are going public. president obama will go outside washington as well as republican leaders to press their case to the american people what they want in the stocks. but here's the baltimore sun this morning with the headline -- yesterday recovered to the speech that he gave. he says to put everything on the table. that's what the number two democrat said yesterday. if your interested in watching the whole thing, go to our video library. and the new york times reporting this this morning -- so that is the latest republican who has talked about breaking the grover norquist pledge on taxes. also, this morning, ceo's meeting with president obama yesterday, business leaders meeting with republicans as well. toth sides gathering ceo's talk about what they would like to see in the fiscal cliff tops. and in the washington post editorial -- also, "usa today" says -- you can look it up on presi
in pennsylvania to make a new appeal for his end of fiscal cliff. he will make the case that congress needs to take action to stop taxes from going up on middle class consumers. republicans say they are not impressed with the president's latest proposal brought to capitol hill yesterday by timothy geithner. the white house proposal consists of $1.6 trillion over a decade. the administration wants $50 billion for infrastructure spending in 2015. the president is offering to support an unspecified amount of spending cuts this year. >>> the $1 bill may be on its way out. congressional auditors want to do away with the dollar bill and replace them with $1 coins. they say the switch could save taxpayers more than $40 billion over the next 30 years. they are also looking at changing the metal composition of is quarters, dimes, and nickels. >>> oakland is moving forward to put more officers on the streets. two city council members are pushing to hire 20 civilians to work as technicians. they also want to bring in 11 alameda service members. >> we are asking opd officers to volunteer on overtime to
with each leader this morning to talk about the fiscal cliff or slope or curve. but whatever you call it, politico's front page headline reads, fiscal cliff deal emerging. it hashes out the flame woframe agreement including $400 billion in cuts to entitlements. but how close are they really? depends on who you ask. >> what's going on between the decision makers is little to nothing. >> you can actually now see what the contours of the deal look like. >> i'm optimistic that we can continue to work together to overt this crisis and sooner rather than later. >> we will not negotiate the end of medicare. i don't know what it is with these republicans. >> it's safer if you're on the progressive end of the political spectrum to go over the fiscal cliff than it is to agree to some of the things they're talking about. >> ruth, where do you stand, deal or no deal? >> not who deal, but who are more pessimistic. the clock is really ticking. about ten legislative days left in the year. outlines are there but the willingness to do it and the ability to get it done in time, i'm more disappointed than
, to avoid the fiscal cliff, taxes go up, dividend tax rates, personal tax rates, corporate tax rates go up, that that itself will cause economic weakness. what do you say to that? how are we supposed to balance the risks of doing things to avoid the fiscal cliff that may also hurt growth? >> one way or the other, there is a problem. if you kick the fiscal cliff down the road, then, you know, you're talking about the u.s. running deficits close to 4% to 5% over the next decade and that's cbo forecasts. if that occurs, you're talk about the debt getting more and more out of control. because the u.s. is the global reserve council, it's reliant on global reserve investment. >> just want to make sure that people have enough treasuries to trade. that's all it's about, charles. isn't that very generous? >> it is very generous. but left unaddressed, the fiscal problem is beginning to be a problem. but equally they don't want the full hit at this stage. so it is a matter of coming to some compromise, so you are going to have to see some kind of adjustment on the taxation side. that is what everyone
this morning, no tangible progress here in the fiscal cliff talks. the tone is turning nasty now. 32 days until the tax rates soar, spending gets slashed and congress, guess what, they break for the holidays in two weeks. >> this is where things stand right now. the president unveiling a plan that calls for $1.6 trillion in tax hikes, hikes, and $50 billion in new -- that's right, new infrastructure spending. he will use the manufacturing plant in pennsylvania as a backdrop today to try to sell this plan. republicans sure aren't buying it yet. they want to hear about spending cuts. house speaker john boehner tells the president to get serious. ath athena jones is live from washington. what now, athena? >> we've heard tough talk in the past couple of days, very different from the tone we heard immediately immediately after the election when congressional leaders met with the president at the white house. the big hang up remains on one issue of tax revenues. republicans and democrats can't agree should theye bush tax cuts for the wealthiest americans, cap some deductions, close loopholes, or some
. >>> with the fiscal cliff ticking, friendly territory that got him re-elected. heading to the pennsylvania suburbs with a campaign-style sales pitch to rally support for his proposals. more crucial developments in the middle east where egyptian leaders push a new constitution. >>> and who do you think had the better lunch on thursday? these guys or this guy? joe biden takes costco by storm. does he do anything else? good morning from washington. it's friday, november 30, 2012, and this is "the daily rundown. i'm chris cillizza in today for chuck todd. the president hits the road today to settle his proposal to avoid the fiscal cliff at a toy factory in the pennsylvania suburbs. the president's opening budget bid landed with a thud on the republican side of capitol hill. after meeting with the president's top negotiator treasury secretary tim geithner, some republicans are calling the white house offer a joke. that's a quote, and a fantasy. that's also a quote. leaving the talks in a familiar place, stalemate. >> no substantive progress has been made in the talks between the white house and the hou
at 11:00, with enthusiasm starting to fade, president obama starting to talk about a fiscal cliff at a manufacturing plant in pennsylvania. what he had to say coming up. >>> sky high. the plan to have downtown san jose standing tall only on nbc bay area. >>> and take a look outside right now. take a look. we have a great view around the bay from the hd traffic camera network. palo alto, san jose and sunol. rain and wind whipping through the areas. yes, there is more to come. in a couple of minutes, meteorologist christina loren will have a complete weather update for you. she will let us know how wet the weekend will be. >>> right now, we want to bring you other local news as well. police right now working on an investigation surrounding a homicide. one man is dead. a woman rushed to the hospital and a suspect on the loose. bob redell is on the scene. bob, you had a chance to dig up information. what have you heard right now? >> reporter: good morning, jon. police just let us up to villa costanza. this is the home where the man was murdered early this morning during the home invas
with business leaders again today to talk about the consequences of going over the fiscal cliff. he's also claiming to call on congressional leaders to make sure we raise the debt ceiling without contention. the white house making the case that extending the bush tax cuts for the middle class is directly connected to the health of our businesses. companies need to know consumers will be able to spend and in his first post-election interview president obama again rejected the house republican counteroffer that is on the table. >> unfortunately the speaker's proposal right now is still out of balance. we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> let's hope he sticks to it. >> g.o.p. leaders aren't only dealing with the president and congressional democrats they're dealing with a split within their own ranks. more conservative republicans don't want party leaders to compromise anymore than they think they already have. even though the republican plan offers u
is heading to pennsylvania this morning hoping to generate support for its plan to avoid the dreaded "fiscal cliff." on capitol hill, treasury secretary timothy geithner pitched the president's plan to house and senate leaders yesterday including $1.6 trillion in new revenue and cuts to entitlement programs. the plan didn't bring republicans and democrats closer to agreement. >> the democrats have yet to get serious about real spending cuts. >> we're waiting for some specifics somewhere from our republican colleagues to show that they are serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and across- the-board budget cuts would take effect. >>> little is being said about the meeting between president obama and mitt romney. the two had lunch at the white house yesterday their first face-to-face encounter since their final presidential debate. the media were kept away from the private get-together. white house officials say the two discussed u.s. leadership in the world and promised to stay in contact. >>> united states supreme court is due veal today
morning. today's top stories. fiscal cliff hanger. there's now less than a month left for washington to broker a deal. in global market news, a survey suggests that china's giant manufacturing sector has moved into expansion territory now again for the first time in more than a year. and on the corporate front, ubs is reportedly near a settlement with the u.s. and uk over those libor claims. it's monday, a new month for us here, december 3rd, 2012, and "squawk box" begins right now.
." >>> president obama ramps up the sales pitch on his fiscal cliff picks. will public pressure push republicans into a deal. one leading house republican who happens to be a former pollster takes a very vocal position on what he thinks his party needs to do and to do now. >>> u.n. ambassador susan rice's attempt to smooth things over doesn't go over as well as she or the white house would have liked. guess who stepped out to vouch for her. none other than a retiring amigo, senator joe lieberman. >>> and new numbers on a hypothetical matchup for 2013 that would be sure to get some votes. what would happen if cory booker took on chris christie. that's not the only big 2013 news this morning on the campaign front. good morning from washington. it's wednesday, november 28, 2012. this is "the daily rundown." i'm chuck todd. right to my first read of the morning. so is washington just running out the clock until about ten days before christmas when everyone smells the jet fuel and gets ready to cut a deal to avoid the so-called fiscal cliff? some days it feels that way. the president is stepping up h
to be digging in on a fiscal cliff deal and so right now it's a stalemate. >> for right now i would say we're nowhere. period. we're nowhere. >> what are the chance we'll go over the live? >> there's clearly chance. >> tuning we'll get a deal by the end. year. >> do i. >> i think we'll go over the cliff. >> republicans are angry the president presented them with an offer they don't think is serious. but the president's new negotiating strategy is clear, don't give in. don't start with concessions. even as some republicans say they don't think they need to put out any kind of formal proposal. let me bring in "the washington post" columnist and our politics reporter. good morning. so the headline in the "new york times" is pushing the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ult
risk. it looks like fiscal cliff negotiations right now, people still have faith in it. very little risk is actually being priced in. >> these levels i would recommend buying in to spain. i do also quite like the semi core markets where you're getting that little bit extra yield. so france and belgium. >> still strong reasons why one would buy gold. every central bank in the world is seeking to weaken its currency, monetize its debt. so strong structural arguments why you should buy gold in any currency. >> president obama will continue to press republicans to let tax cuts expire for people make more than $250,000 a year. reports say the president's opening wid in budget talks calls for $1.6 trillion tax increase. that plan whether he had to sharp comments from both sides of the political aisle. >> now is the time for republicans to you've past this happy talk about revenues ill defined of course and put specifics on the table. the president has made his proposal. >> what we don't know is what the white house is willing to do it get serious about solving our debt crisis. >> if more,
heads back to work this morning as the clock is ticking down toward the impending fiscal cliff. talks, though, seem to be at a stalemate. yesterday with just 29 days until tax hikes and deep spending cuts kick in. both republicans and the democrats were running to the airwaves to try to explain their positions. here's what they said. >> what we're not going to do is extend those tax cuts with the wealthiest americans. those cost a trillion dollars over ten years and there's no possibility that we're going to find a way to get our fiscal house in order without those tax rates going back up. >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three weeks doing basically nothing. >> the administration has presented a plan that calls for $1.6 trillion in new tax revenues. $400 billion in cuts to medicare and other entitlements. $50 billion for a new stimulus and congress would have to give up control over raising the debt limit. re
into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales, it will reduce prices on homes, it will slow constructio
on the fiscal cliff talks. where will have more on this coming up. >> now at least in the early morning commute we have been for the most part dry. >> maybe later on tonight, for arrests of the bay area is dry tuesday morning. there are no issues. it is cool and it will remain cool as we head into afternoon. it is really to mar when the modern iran will pick up.tomorre rain will pick up. >> the cool front is around eureka. i will walk you through the timing and what to expect. >> chp are checking into a car fire that is on the san mateo bridge. this is the only problem and traffic looks good at the bay bridge and metering lights have been activated. the salmon tell bridge is problem feehigh'd to pick up a little slowing. arrest of the bay area is light. >> things are picking up for meaning. the trend is up and running and all. the power was not bonot doubt. >> let's talk about closures. we have four fire stations across contra costa county that will close in early january after voters rejected a measure that would have funded the stations. to get you more news faster we turn to kron 4 as sole
to conversations about the the fiscal cliff with congress iion republicans. i can confirm this morning through my sources here at the white house and on capitol hill that there were no substantive conversations or negotiations yesterday at all. no formal e-mails, to conversations, nothing. house speaker boehner's countdown led to the lighting of the capitol hill christmas tree last night. >> three, two, one. >> reporter: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the rates on the top 2% go up. we're not going to be able to get a deal without it. >> reporter: republicans want smaller tax increases overall and no movement on higher income tax rates. they want to cut unnamed tax bre breaks and deductions, which they say will do more to boost economic growth. the white house considers the
liberal organizations to discuss the fiscal cliff. and here is how the "washington post" characterized the meeting and some of the groups there. one person at the meeting which included people from the afl-cio asked me, seiu, moveon and others came away convinced that the white house would ultimately prove willing to go over the fiscal cliff if necessary. rather than give ground on core demands. though this is not by any means a desired option and isn't being discussed as a strategic possibility. what was discussed was decoupling the spending cuts and the tax increases. the president talked about it. so did jay carney at the white house briefing. the panel. steve hayes for the "weekly standard." kirsten powers, columnist for the daily beast. syndicated columnist charles krauthammer. okay, steve, it seems with republicans splitting that would be a nonstarter. >> yeah. i would think it would be a nonstarter. one of the very few things that democrats could do at this point to get republicans to run away from the table. i think that republicans came up the day after the election and said l
very reasonable. >>> call them fiscal cliff spikes and dives, will the market swings continue tomorrow morning? we've got three top money pros to weigh in next. >>> and we're keeping an eye on the closed-door meeting at the white house between president obama and ceos to tackle the fiscal cliff. there's a look at the white house right there live as you're watching cnbc first in business worldwide. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade
's looking more likely that we could, could, go over that fiscal cliff at the end of the month because right now, negotiations here are at a stand still. president obama talks to the business round table today after telling bloomberg he absolutely won't bunch. the wealthiest americans must pay more. >> we're not going to be able to get a deal without it. >> reporter: he may be in a good position to wait it out. a new poll found more half of americans will blame republicans if we go over the fiscal cliff. >> republicans do not want to touch one hair on the head of one person making over $250,000. that is the rub. >> they've got to come with some specific revenue. they refuse to do that. >> reporter: even other republicans are split on john boehner's plan to avoid tax hikes all together and admit negotiations are going nowhere. >> nothing going on privately that's not going on publicly. >> reporter: republicans say the president needs to meet them halfway. >> he's got to be serious. he's offered more spending, more stimulus than offering any new cuts. >> reporter: and they insist there's good
. >>> that was president obama this morning. he made his fiscal cliff pitch to business leaders in washington. >>> and in berkeley, police are investigating the middle -- the fatal shooting of a woman on a bicycle. she was shot outside of a middle school around midnight. ktvu's alex savidge has been on this since 4:30 and investigators are still looking for clues. alex? >> reporter: well, good morning, dave. berkeley police truly need witnesses to step up and help them track down the killer in this -- in this case. this woman was riding her bike along this portion of sacramento street when someone shot her to death. it all happened as you can see, right next to the yard at lock fellow middle school. classes just began here a short time ago. i was told the school was not going to make an announcement about what happened because it happened in the middle of the night. dorie ner has -- the coroner says the woman has not been identified yet. she was in her late 50s, early 40s. 911 calls came in about a bicyclist down on the sidewalk. many callers believe this was a crash -- believed this was a cr
on fiscal cliff and the state of the u.s. economy. >>> other top stories for you this morning, former senator and presidential candidate bob dole expected to be discharged from a washington's walter reed army medical center today. an aide says the 89-year-old checked himself into the hospital for a routine procedure and that he's doing well. you might want to put down the pork chop. a new study from consumer reports found 69% of raw pork products in u.s. supermarkets are contaminated by a foodborne bacteria that can cause fever, cramps and intestinal bleeding. researchers say it means we need better hygiene in animal plants. the pork industry questions the methods used in the study. >> wow. >> cook your meat. >> we eat a lot of bacon on this show. >> the country does or you and i personally? >> the country does. and then you and i personally. >> yeah. >> eat a lot of bake be. awe should microwave it before we -- still ahead this morning on "starting point," might be another stand your ground case to tell you about in the state of florida. teenager shot and killed. the murder suspect s
. walking-around money. walking-around money. >>> talking about big cash, let's get to the fiscal cliff. some developing news this morning. "politico" hassen e an exclusiv report that president obama and representative boehner had a "curt" telephone conversation. speak speaker boehner says he wants to move his position on tax rates but the president won't budge. he told him, if he has an alternative plan, he ought to put that forward rather than focusing on entitlements. the white house will send tim geithner to capitol hill for a meeting. yesterday the president met with ceos including at&t, goldman sachs, coca-cola and caterpillar, many of whom said after the meeting they emerged hopeful a deal could be struck to avoid the fiscal cliff. in another meeting with middle-class americans, president obama said he believes the framework for a deal could be in place before christmas. >> and i'll go anywhere, and i'll do whatever it takes to get this done. it's too important for washington to screw this up. now's the time for us to work on what we all agree to, which is let's keep middle-class
-called fiscal cliff. our political insider on why things are looking up for the president. >> it appears as if he is playing the hand where the cards are being revealed. it's almost like three card molly. boehner has got a problem with reference to the white house proposal. too many of his people are suddenly finding something attractive about it. >> plus, we are going to track all of the rain, wind and damage from the next big storm thaissments on eyewitness news this morning tomorrow on cbs 5. we will have a lot of crews in the field seeing what's going on and here is a look at the top stories. flood watches continue today around the bay area as another storm moves in. tonight we are expected to be hit hard by heavy rain and winds once again. it's the third and final storm of this series. the storms have been wreaking havoc on the roadways in santa cruz county. in particular several trees and wires were down in mountain towns. officials are keeping a close eye on the rising san lorenso river near bolder creek and the winter storms could be a challenge for businesses that are trying to
. they are headed to the white house today weighing in negotiations over the fiscal cliff as the president tries to pick up outside support for his proposed tax increases. doug luzader joins us live from washington with more. hi, doug. >> ainsley good morning. business leaders are pleading with the white house to come up with some kind of a deal to assert spending cuts as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress ac
administration will refuse any fiscal cliff deep that does not include a tax hike on the richest americans. geithner remains optimistic despite harsh words from republicans. >> reporter: with the clock ticking in washington and the fiscal cliff moving closer every day, tim geithner said they will only approve a plan with tax rates. >> if they are going to force higher rates on virtually all americans, because they are unwilling to let tax rates go up on 2% of americans, then that's the choice they're going to have to make. >> reporter: geithner presented his plan to republicans, calling for $1.6 trillion in revenue and cuts in stimulus spending. he suggested the bush era tax cuts must expire for the wealthiest americans. >> we put forward a very comprehensive, carefully designed mix of savings and tax reforms to help us put us back on a path to stabilizing our debt and living within our means. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget proposal. the revenue proposals are $1.6 trillion in reve
's coming up at the top of the hour. >> good morning. speaking of the fiscal cliff, we have the majority whip, kevin mccarthy joining us here on "america's newsroom" and we'll ask about the gop's offer. what do they expect next from the white house? is there a tea party resurgence in the works? interesting information on that. new photos of george zimmerman the night trayvon martin was killed, and is kate middleton expecting twins? the scoop coming up. we'll see you then you ever notice that some people just have a knack for giving the perfect gift? they put real thought into it. and find just... the right...thing. how do they do that? more saving. more doing. that's the power of the home depot. pick up a ridgid jobmax multi-tool starter kit and get a free head attachment. flavor, meet food. it's time for swanson flavor boost. concentrated broth in easy to use packets. mix it into skillet dishes, for an instant dose of... hell-o! [ female announcer ] get recipes at flavorboost.com. >> steve: remember steve austin, the $6 million man? >> gentlemen, we can rebuild him. we have the technol
, december 5th, 2012. welcome to "cbs this morning." president obama comes out swinging over the fiscal cliff fight saying republicans are out of balance. >>> this year's flu virus is causing major problems.
♪ the tavern ♪ through the snow ♪ when we found grandma that morning ♪ality the ♪ at the base ♪ of the fiscal cliff she had orange marks ♪ on her forehead ♪ and cheet-to ♪ flavored tears ♪ on her lips ♪ grandma was ♪ ran over ♪ by john boehner ♪ on christmas eve ♪ my poor grande ♪ >> stephanie: rocky mountain mike. >> i think he gives boehner too much credit. i think the elves are in charge at santa's workshop. >> stephanie: do you see how this will play out this time? >> i can't believe we're watching this as something different is going to play out. john boehner will make a commitment to the president that he can't keep. he'll go back to his caucus and they won't want to do it and then he'll have to break his word to the president again. >> tom cole. >> sound byte: in my view we all agree we're not going to raise taxes on people who are making less than $250,000. we should take them out of the discussion right now. >> we should definitely take them out of the discussion that no one is having. it was the president who said, oh five, eight years now no tax increase on
a baby was inside, we will tell you what leads police have. >>> and how the fiscal cliff could affect long-term benefits here in the golden state, it is all ahead on the ktvu channel 2 morning news. >>> this is ktvu channel 2 morning news. >>> good morning, thank you for waking up with us this morning november 28th, i am pam cook. >> we are on storm watch this morning, the first of several storms will roar into the bay area, you should expect strong winds and we have team coverage for you. ktvu channel 2 morning news tara moriarty is watching the traffic and it is the first for you. where is the storm system now. >> right off the coast. it is producing some light rain and it is coming in, in about two hours and the heavy rain is offshore. it is merging and it is going to pack a pretty good punch here. it looks like it is heading towards the marin coast and we will keep an eye on it and the focus will be the rushing river and for now let's to go to mark, i think this is the first time we have worked together, how are things at the san rafael bridge. >> yes, it is an honor. we have had
points and that's in part because of the fiscal cliff debate and looks like the president won taxes now, promises of entitlement reform later and don't care about the debt. the market kind of likes that, because the money keeps flowing. in the first part of business, we're flat, i thought more than that, we're up 2, 10 points and going up from here, at least in the early going. now, we've got another big name that you know #, trying to help shareholders avoid higher taxes next year, it's disney and increased the cash dividend by 25% and paying it this year. nicole, what happens to disney stock now. >> and it's an up arrow here shall the dow jones industrials up. and disney was a winner, slightly to the upside and joins over a hundred companies, accelerating it and raising it by 25% and good news there for disney, i'm surprised it's not up a bit more because of the the early payout and i want to move on to tiffany. i'm not going to call this a democratic luxury outfit. i call coach democratic luxury, and tiffany, i think, is pure luxury, but, i think they lowered their sales forecast, di
of getting the fiscal cliff deal done before everyone's taxes go up. >> consolation lunch? president obama visits mitt romney to the white house today and everyone is buzzing about it. could obama offer him a job? >> congratulations to someone. you just won the gdp of a small nation. not just one but two winning tickets in last night's record powerball drawing. we'll tell you where. >> and if they will be my best friend soon. we have a packed show. john ba, rasso, adam shif, rick warren, tom cole, connie and mary bono mack and steven holcomb. >> we have so many people coming up. it is thursday, november 2. "starting point" begins right now. >>> good morning, everyone. our starting point this morning, developments happening now in cairo. the u.s. embassy there is closed. no one is being allowed in or out as we speak. >> embassy officials say protesters are blocking the entrance and clashes are happening near nearby. reza sayah is nearby for us. what's happening? >> reporter: there is no indication protesters are targeting the u.s. em wibassy b it was closed as a precaution. these are protes
of the firefighters needed surgery. >> this morning both sides of the fiscal cliff talks seem far apart. there is some optimism about coming to a short-term deal. the president wants to in the bush era tax cut people making more than a quarter of a million dollars per year. with out a deal the average middle-class family could pay about $2,000 per year more in taxes. for house speaker blames the stalemate on the above ministration. he says they are not taking republicans seriously with the plans to close loopholes and limit deductions without raising taxes. >> i realize that the president may disagree. the fact is there is a another way to get revenue from upper-income americans that does not hurt our economy why would we not consider it. >> we think it would be a wonderful christmas gift to the american people to have a tax cut come january. and we want them to tell the american people why not if they would not do it. >> we are optimistic. >> the democratic controlled senate has already voted to extend the bush cuts for incomes under $250,000 and letting the others expire. moody's analytics is predic
street. the market interpreted positive statements on a potential deal on the fiscal cliff by house speaker and rebounded from what had been a 112-point slide after the morning's opening bell. the dow jones industrials reversed, as i said, on the speaker's positive remarks and finished the session up 107 points. s&p up 11, nasdaq gained 24. all ten s&p 500 sectors moved higher on the day. that is the first time it has happened since october 4th. retailers drove the consumer discretionary sector energy industrials lead in the wake, and the rally started just minutes before house speaker made it clear that republicans are willing to deal on revenue and ready to find a resolution now. >> we all know that we have had this spending crisis coming at us like a freight train. it must be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table, but it is time for the president and democrats to get serious about the spending problem that our country has. i am optimistic that we can continue to work together to avert this crisis sooner rather
. and on tomorrow morning's "washington journal" peter welch and the latest developments on the fiscal cliff negotiations. josephhat, political'o's schatz. "washington journal" live tomorrow morning at 7 a.m. eastern. >> we have had explosions of knowledge in medicine. we have not coordinated. there are services that we have. they end up having so many cracks that the cracks are harmful to the diseases we are treating. you need to step back and ask, are we hurting people over all on a global level? what are we doing question mark -- what are we doing? now we have reports saying that 30% of everything we do may not be necessary in healthcare. the test we order and the procedures -- this is something that i think for the first time is really being called out as a problem. >> this function in the u.s. industry. dr. marty makary on c-span 2. >> the group campaign to fix the debt -- the former co-chair of the national debt commission. at the event, we hear from white house economic adviser gene sperling and senator rob portman of ohio. senator portman was interrupted several times by protesters.
to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagues he's in a meeting with house speaker john boehner and mitch mcconnell, top republican in the senate, as well as nancy pelosi, the top democrat in the house. now coming out of the meeting with senator reid, i'm not getting much at the moment from sources but one democratic aide tells me the following. he says that we -- this aide told me, we're all on the same page today. it's more about republicans. that goes without saying, because these negotiations really were focusing on the negotiations between the white house and speaker boehner, even before the meeting, which the treasury secretary and speaker boehner, a spokesman gave us this following statement, ashleigh. i want to read to you. he says,
this morning. >> the week centered on a big worry. >> this fiscal cliff. >> fiscal cliff. >> we could go off this fiscal cliff. >> we are facing a fiscal grand canyon. >> reporter: it's a big deal, question is, can these guys strike a deal? >> i have to repeat, i have a pen. >> reporter: meantime, damage control for u.n. ambassador susan rice, how to smooth things over this week with republicans after those benghazi talking points. >> extremist elements came to the consulate as this was unfolding. >> reporter: the didn't work, now, their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> reporter: democrats shot back. >> they're not only blaming her for this intelligence report, they're trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house, i could write a bock. >> or make an internet video that's actor angus t. jones caught slamming his own tv show. >> if you watch "two and a half men" please stop watching "two and a half men." i'm on it and don't want to be on it. >> reporter: he apologized but may s
with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk about, coming up. >>> plus, toxic chemicals in the living room. new study by bay area researchers on how widespread they are. >>> power ball jackpot keeps getting bigger we'll tell you how far californians a
. >>> bay area small business owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk about, coming up. >>> plus, toxic chemicals in the living room. new study by bay area researchers on how widespread they are. >>> power ball jackpot keeps getting bigg
. bat manufacturing and fiscal cliff have wall street worry we will have more ahead as the kron 4 morning news continues. when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. welcome back to the kron 4 morning new as we are watching the latest on the market. stock prices lost ground on wall street in monday trading. the dow fell 60 points to 12,966. the s and p nearly dropped seven while the at nasdaq lost a point. >> we have a drop in u.s. factory production. the prospect seems to grow dimmer that we will avoid the fiscal cliff at the end of the year. watching oakland based pandora the internet music company will release their quarterly results to date. also watching the port of los angeles strike. pork are shut down in l.a. and long beach. the loan choreman are not crossing the picket line. it is in its second week in six days. this strik
to keep the nation from going over that so-called fiscal cliff. the clock is ticking now. 27 days to go. >> and president obama and congressional republicans are making plenty of sound bytes about it all. but very little progress. abc's tahman bradley has the details from washington. >> reporter: democrats and republicans remain light years apart. here's president obama, in an interview with bloomberg tv, describing house speaker john boehner's plan to avoid the fiscal cliff. >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: the speaker's plan would raise $800 billion in tax revenue. but does so without raising tax rates for top income earners. the president says that's unacceptable. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: republicans, like rising star senator marco rubio, say raising taxes on the wealthy is the wrong approach. >> the tax increases he wants would fail to make even a small dent in the debt. it would hurt middle-class businesses and the people w
a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham said. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare, medicaid and social security from imminent bankruptcy. the president's plan when it comes to entitlement form is quite frankly a joke. >> so over the weekend the sunday shows, you saw geithner basically drawing a line in the sand. he
on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a second set now. there was a thread going through the debate that the country was having and that thread was around having a balanced plan to address america's fiscal challenges. there are serious fiscal challenges that we do need long term -- deficit reduction -- that is important to america's credibility. it is important for america's economy and economic growth. that plan has to be balanced, and that means significant revenues and that paying has to go around. that means the wealthy and well- off have to pay their fair share as well. these should not be new issues. they are ones that were debated. they came up in every debate -- even the foreign policy debate. the ameri
come next year alone for the average family of four if the nation is to go over the fiscal cliff. you know, there was one republican, you talked about the glimmers of hope for a compromise. it's tom cole of oklahoma who was quoted yesterday and this morning saying, you know what? let's go along with the president. you heard the sound bite. the president once again calling for congress to pass a tax cut for everybody making under $250,000 and come back to the rest later but the problem is, tom cole doesn't have the votes and neither does john boehner even if he wanted to put that on the floor so the goal of the pr campaign, the machinery kicking in to gear at the white house is to turn the voettes, get votes. swing counties, you know, the election may be over but the campaign continues. there are republicans around in these counties around philadelphia, three of the four districts, as a matter of fact, who can be counted only as swing voters in the house of representatives and that's the battleground where the fight is playing out, steve. >> okay. thanks as always. >>> now bringing in
a 39.6%. that's the washington post this morning. below that, governors say the fiscal cliff would hurt their states' economies. several governors met at the white house yesterday and with political leaders to say something needs to be done or their economies and on the state level will be heard. -- be hurt. let's go to walter in new jersey, independent caller. good morning. caller: good morning. i don't know what's wrong with these people, because they have to come to some kind of agreement. the gop has to give ground, taxes wouldybody's go up just to save 2%. it just does not cut it. it is a bad move politically and bad for the country. host: polloi in johnsonville, virginia. -- floyd. caller: i was thinking about the fiscal cliff. i don't think that's the problem at. the problem is when we fell off the moral cliff. our president said gay marriage was ok. and america killing so many babies. side,e get back on god's everything else will take care of itself. that's the way it is. a guy said it seemed like christians are down and out. let me tell you, christians are the happiest people t
$800 billion in tax revenue in the fiscal cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morning? >> reporter: possibly
with president obama tuesday to discuss the soda ash called fiscal cliff and its impact on states and the economy. -- the so-called fiscal clef. members of the national governors' association spoke to reporters but the white house for about 15 minutes. >> good morning, everybody. i am the chair of the national governors' association, the governor of the telephone, -- of delaware, joined by the governor of oklahoma, the vice chair. and we are also joined by the governors of wisconsin and arkansas. we are three democrats and three republicans. we just had what i would say it was a very good meeting with the president. the issues we face as governors and states are considered as part of the discussions going on in washington. the president was very open. we talked about some of the issues we focus on as governors, one of those same opportunities for flexibility, in terms of some of the programs we partner with the federal government. he was open to that as well. and there is an impact not just from the fiscal issues, but the issues in terms of how the discussions here will impact the economy's back
reaching an agreement over this fiscal cliff. >>> pam 6:54 we have developing news from alameda county, 10 cars involved a crash, a dumptruck ploughed into them a couple of hours ago. brian flores is there on the scene, what are you looking at and what is the damage like? >> reporter: let me show you what we are looking at. this is the truck that ploughed into 11 cars and you can see it is a dumptruck if you will that typically carries glass. the san mateo police department and alameda county, they are all actively trying to get it out of the road but from what he we know, the driver was driving about an hour ago when he had a sneeze attack, sneezing up to 3 times in a row. they tell us he sneezed multiple times and the next thing he knew, he ran into a car and the truck barreled into the car lot. the trucks may be damaged and here is more on what he had to say. >> he had a sneezing fit and unfortunately when you sneeze you clothes your eyes and what happened was he may have turned his steering to the right which caused him to go into a parked vehicle. >> reporter: there is dylan to the fr
-called fiscal cliff, but so far there's been more rhetoric than resolve. there's now less than a month to head off the automatic tax hikes and spending cuts that will kick in next year. john boehner said he can't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover.
with president obama at the white house to talk about the fiscal cliff. after the meeting, the governors took questions from reporters outside the white house. >> good morning, everybody. i'm the chair of the national governors association, the governor of delaware. joined by governor fanl of oklahoma. she is the device -- she is the vice chair. we're also joined by governor herbert of utah. governor dayton of minnesota, governor walker of wisconsin. we just had what i would say was a very good meeting with the president. we came in part to make sure that the vouses and the issues that we face as governors and as states are heard and are considered as part of the discussions going on here in washington. the president was very open to that. said that we would continue to have a seat at the table. we talked about some of the issues that we often focus on as governors. one of those being opportunities for flexibility in terms of some of the programs that we partner with, with the federal government. he was very open to that as well. also recognizing, i believe, it was governor walker who brought
've been talking a lot this morning about the fiscal cliff the impact on middle american families particularly. but there are a lot of people who are saying today well, let's teach the republicans a lesson. let's let them go over the cliff. why not. and then see what happens. does it make any sense to you? >> look. you know, i'm into actually solving things. not retribution. i'm a teacher. and what you do is you try to -- you try to educate people. you know. if you have to protest. if you have to activate. you do those things. but at the end of the day the american people actually said really clearly in the election by the polling data about congress and you see what they said -- what was litigated during the election. and what they said during the election. every single day. barack obama, joe biden the people running for senate said we have to have a balanced approach which means more revenues. they said that. it was pretty clear. and the american people voted for the president and the biggest popular vot
with congress to work on a solution to the fiscal cliff. in the afternoon they will meet with house speaker john boehner and governor jerry brown is not in that group. >>> tara is back, you know all about our commute, what is happening in pacifica. >>> well, to the northport tall bridge, they are able to stabilize that weak spot. right now we will take a live look headlights are flowing nicely as you make your way towards the mcarthur maze. up next, we have 880 up near the oakland coliseum, same story staff is flowing very nicely. it is dark up there but take my word for it, traffic is flowing nicely, 5:07 let's check with steve. >>> ukiah announced they can't hold a candle to what was there. heavier amounts will not be to the north. any rain on already saturated soil will need to be watched. one to two will cover it, i think this system will weaken considerably. it doesn't mean we will not get more rain. the pattern will change, there could be some morning drizzle in some of the higher elevations and rain in the north bay, you can see it there having returns near clover dale, winds near clover
the fiscal cliff. instead, as alison burns reports, he's once again, taking his pitch to the public. >> reporter: that's right, tori. instead of negotiating directly with republicans, president obama's schedule includes more public outreach. he will be speaking in 15 minutes from the white house. the headline on the official website asks for public feedback and the obama website is now dominated by details about the president's plan to avoid the fiscal cliff. he wants to extend middle class tax cuts. but raise money on the wealthy. he meets with families and middle classers today and house speaker john boehner said, he and both president obama want a deal. >> this is not good for our country. it's as simple as that. you know me. i'm an optimist. >> reporter: they are promoting a reference to the middle-class tax increase if the bush era tax cuts are not extended. >>> new this morning, we're learning that mitt romney is going to the white house tomorrow. president obama is going to have a private lunch with his former rival to make good on a promise the president made in his victory
. >> thanks. >> we have more heavy hitters coming up on the fiscal cliff on msnbc throughout the next day. next hour on "now" with alex wagner, she'll speak with senator patty murray. at 1:00 p.m., debt commission co-chair allan simpson joins andrea mitchell. e your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your
american in less than a month if there's no deal on that looming fiscal cliff. >> but even with that threat looming, lawmakers are still very far apart on their way to rein in government. there are differences on full display for all of us to see over the weekend. here's abc's tahman bradley. >> reporter: fiscal cliff talks have hit a stalemate. with only 29 days to go, republicans and democrats remain far apart. and over the weekend, there was worry negotiations may actually fail. >> i think we're going over the cliff. it's clear to me they made a political calculation. before president obama and his team are demanding that they allow bush era tax cuts for the wealthiest 2% of americans expire. >> there's no way we can govern this country with those low rates in place for future generations. those rates have to go up. >> reporter: but republicans have drawn a line in the sand in raising tax rates. instead, signaling they're open to raising revenue by limiting the tax code. it's a major sticking point. holding up a deal. >> right now, i'd say we're nowhere. >> reporter: president obama is l
. with the fiscal cliff and tax rates rising, in november public companies borrowed reported amounts in the bond market in part to help finance shareholder payouts. so, how much in bonds was sold last month? find out next. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve t
president barack obama to work on the fiscal cliff. they will meet with house speaker john boehner, governor jerry brown is actually not in the group. >>> white house is rejecting the republican fiscal proposal. and it is a counteroffer to the one president barack obama offered last week. coming up, what the white house says is missing in the republican proposal. >>> time now time to bring tara back. if anybody is headed for the bay bridge, what do you want them to know. >> if we take a live look, this happens in just a matter of minutes and i bet you it is going on right now. so give yourself extra time if you are headed into the city right now. we can show you 580 westbound and then also up in the pittsburgh antioch area, slow going there on highway 4 as you make your way towards concord. last but not least, 280 san jose and traffic is moving along pretty well. 6:07 here is steve. >>> cloudy skies, now last hour, there has been some light rain in mendocino and down to salina, it is cloudy and a few areas of fog. this system is considerably weaker than the one we have and it looks like we w
're down just $4 this friday morning and as you know, there's a fight on capitol hill all about this fiscal cliff and the media is, as always, in the democrat's corner. that will be my opinion. and mark is next. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. >> and we welcome a great guest to "varney & company," he's from the media research center. all right, bret. i want to show you three headlines ripped from the news this morning. first off, the headline in the new york times reads g.o.p. balks at white house plan on fiscal cliff. and second, huffington post this mork, surprise, g.o.p. outrage by offer they received weeks ago and from nbc news, the g.o.p. says white house offer on fiscal cliff is unbalanced. bret, tell me i'm wrong here, it seems like the media is setti
are going to be talking about the fiscal cliff, the statements the house speaker made about being a stalemate and what the president said during his trip to a toy factory in pennsylvania. here are the numbers. you can also reach out to us by e-mail and twitter and facebook, all of the social media as. on twitter the addresses @cspanwj, facebook.com/cspan. more from the article by jake sherman with the headline " fiscal cliff." he writes -- let's go to the phones. the first call comes from debbie in flint, mich. on the line for democrats. caller: i think they need to pass a law that these guys did not get paid. if i go to work and did not do my job, they will not pay me. they have not done their jobs in the years. they need to listen to the american people. we picked barack obama up for a reason because we like his policies. they need to get a clue. they are already struggling and having a hard time. if they do not get a clue, they will not be back there. host: republicans say the president and democrats are not making any good-faith offers, the same thing democrats say about repub
spending cuts and tax increases known as the fiscal cliff. >> tonight we're no closer to a deal. mark matthews is here now with latest for us. >> it's been 16 days since president and leaders met to talk about avoiding ts fiscal cliff n that time, nothing much moved. now, we've got three weeks in change, and the failure will be felt by everyone. in san francisco's cafe, the owner has been watching the fiscal cliff creep closer hoping for a resolution. >> if they don't, it's going to be tough. >> he's talking about employ qleez can see income taxes increase by a couple thousand dollars. >> cost of living is really high. and tough to make especially in the city like san francisco. >> if congress ask the president can't reach an agreement, income taxes will go up on nearly all americans average family paying extra $2000 to $2400 a year, spending cuts mean cuts to education, transportation, research and development. there is a proposal to up airline fee that's could raise $1 billion cutting back on those who receive food stamps could bring in another $4 billion to $16 billion eliminating
programs. host: tax credits and how you might be affected if the fiscal cliff happens. steven sloan from politico is joining us. willie from chicago is next. good morning. caller: good morning. my question is -- hello? host: you're on. caller: if a company is being paid by the government, a tax credit for a guy to work for a company and the state turns around and paste the government to keep the company in a certain state, is that like the government paying for this guy to work for the company? guest: you have federal tax programs that incentivize companies to hire veterans are people that are disadvantaged or maybe people who live on food stamps. those companies can get state incentives to locate in a certain part of the state or to locate to another area and those programs often have interactions. host: gilbert is next. caller: i understand there is a lot of fussing about oil companies getting subsidy from the government. exxonmobil pace multi millions of dollars in federal income tax every year. what exactly is this subsidy that the oil companies are getting? guest: there are a host o
that so-called fiscal cliff. but on capitol hill, talks there have pretty much hit an impasse at this point. neither republicans nor democrats seem willing to budge on the issue of tax rates for the wealthy. unless the two sides can reach some kind of deal, spending cuts and also tax hikes will collectively take effect starting january 1st. the clock is ticking. >> it is. >>> the united nations has overwhelmingly approved recognition of a palestinian state, a move staunchly opposed by the u.s. and israel. >> but in the west bank and gaza, palestinians, they celebrated on the streets. the historic vote upgrades palestine to nonmember nonvoting observer status only. meanwhile, u.s. ambassador, susan rice, she denounced the resolution. saying, quote, it's counterproductive to the goal of mideast peace. >> and the palestinian people will wake up tomorrow and find that little about their lives has changed, save that the prospects of a durable peace have only receded. >> rice added that the u.s. will continue to stand up against every effort that seeks to undermine israel's security
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